First time flippers in need of advice.

[Stephen Bennett]

My wife and I are going to flip our first property in the near future. I am 28 with a history of carpentry, remodelling, and heavy machinery operations. My wife is great with people and is working toward obtaining her real estate license. She will be testing in a month or so. With my knowledge I am confident in the rehab but with the finances I am a bit in the dark. We have about 10k saved up and growing. A combined line of credit of about 10k, and decent credit. What direction should we move toward with finance? Who should we talk to/reach out to? We are both veterans as well. We will be moving to Jacksonville FL in June and hope to start flipping. Thanks to everyone who comments, your feedback is greatly appreciated!!

[Blake Messina]

@Stephen Bennett what about trying to find a money partner. You can provide the project management and also complete some of the repairs that you feel comfortable with, and the investor can provide the purchase price and renovations. You can split the profits however you see fit. The real estate license will help a lot too with profits- 2.5% to 3% on every sale (and buy if on MLS). Good luck!